Thank you very much.
It is true that we have quite close relations with Quebec. Yesterday, I was in Montreal to open a seminar involving some 30 companies in the renewable energy sector that are going to Chile in March. It is also true that in the context of our trade relations with Canada, Quebec ranks first among the provinces. Of the $2.1 billion in total trade, Quebec accounts for $1 billion.
We expect that many Quebec companies will eventually set up operations in Chile, given Hydro-Quebec's experience. You can see from the report on its website that Hydro-Quebec's experience in Chile was one of the best it had with any foreign country. The company made some $800 million there. We privatized the hydro-electric transmission network, and the company that purchased it—Brookfield Asset Management Inc.—is Canadian as well. The president of this firm told me that this was a very positive experience.
You asked a question about the environment. Included with the free trade agreement is an agreement on the environment. We have legislation as well as an institution known as CONAM. It has worked very closely with Canadian institutions over the 10 years the agreement has been in place. We are really very demanding of our own companies. Codelco is a major copper mining company in Chile. I think you have heard about Canadian investors who had some difficulties with a group of environmentalists. Chile is a democratic country. There is a significant environmental movement that is trying to keep control of the issue, within civil society.
We are following environmental issues very closely, not only from the point of view of the government but also in terms of civil society. Today, requirements in Chile are very stringent. All investment projects have to go through a commission. Civil society is involved in the commission so as to evaluate projects. In order to be approved, the projects must meet certain environmental standards. I think that we are about to meet our international objectives, and we are really very pleased about that. We are also in the process of changing our electrical grid, which is a very significant factor in this regard.